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Ship-Owners' Decisions to Outsource Vessel Management

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  • Pierre Cariou
  • Francois-Charles Wolff

Abstract

Shipping companies frequently outsource the management of their vessels. In this paper, we use data from Lloyd's Register Fairplay [(2009) IHS Fairplay World shipping encyclopaedia. Available at http://www.ihs.com/products/maritime-information/ships/world-shipping-encyclopedia.aspx?pu=1&rd=ihsfairplay_com] on 45 456 vessels belonging to 9580 different ship-owners to investigate the extent of outsourcing in shipping and to identify the key factors affecting the likelihood of outsourcing. The results of our econometric analysis indicate that ship-owners' decisions to outsource are explained by the characteristics of the vessels in question (age, type and size) and the characteristics of the ship-owner (country of domiciliation and number of vessels). In addition, a specific country effect is identified for Greek ship-owners, which is in line with the findings of previous studies.

Suggested Citation

  • Pierre Cariou & Francois-Charles Wolff, 2011. "Ship-Owners' Decisions to Outsource Vessel Management," Transport Reviews, Taylor & Francis Journals, vol. 31(6), pages 709-724.
    • Handle: RePEc:taf:transr:v:31:y:2011:i:6:p:709-724
    DOI: 10.1080/01441647.2011.587907
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    Cited by:

    1. Jaeung Cha & Jinwoo Lee & Changhee Lee & Yulseong Kim, 2021. "Legal Disputes under Time Charter in Connection with the Stranding of the MV Ever Given," Sustainability, MDPI, vol. 13(19), pages 1-25, September.
    2. Desai Shan & Pengfei Zhang, 2021. "Enforcing workers’ compensation rights for Chinese seafarers in human resource supply chains," The Economic and Labour Relations Review, , vol. 32(2), pages 247-265, June.
    3. Pierre Cariou & François-Charles Wolff, 2013. "Chartering practices in liner shipping," Maritime Policy & Management, Taylor & Francis Journals, vol. 40(4), pages 323-338, July.
    4. Wenming Shi & Kevin X. Li, 2017. "Themes and tools of maritime transport research during 2000-2014," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(2), pages 151-169, February.

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